Mischa Barton Is Losing Her House

Mischa Barton is about to lose the home where she has lived for just about a decade. You don't just walk away from someplace after living there that long unless you are having severe financial issues. Her $20K a month mortgage is becoming too much to pay which is not shocking considering she only makes a couple of movies a year and gets paid less than $150K per movie. Actually, she gets a paid a little less than that. Seems like a lot of money, and it is, but not when you are facing that kind of monthly bill. Plus that does not take into account agent commissions, publicity, management, taxes and losing a ton of money on the stores she decided to open to sell clothes. That was a ridiculous move because she opened them in London but lives in Los Angeles. Yes, I know she grew up a bit in London, but why open your first store a 12 hour flight from where you live? The modeling gigs she used to have to supplement her income are gone. Also gone is her common sense. She has tried to sell her home for a massive profit because she probably took out a bunch of home equity loans when the market was high and needs to sell it for a profit to pay the money back. When your house is on the market for years, it is probably a good idea to lower the asking price.